According to a newspaper report, Dow Jones-the French Bank BNP Paribas has relaxed a guideline for lending to the armor sector. The French bank has deleted a passage that prohibited it from “financing production and trading with controversial weapons”, the Financial Times reports, citing informed people.
The term “controversial weapons” is too wide and can also include activities such as the production of certain drones, said one of the newspaper. The bank’s guideline now distinguishes between weapons that are approved in the context of important international agreements, and those for which this is not the case. As a result, the scope and size of the bank’s lending could increase to the armor sector.
BNP Paribas told Financial Times that all of their sectoral strategies were updated regularly. “The update of the defense and security guideline reflects the group’s long existing commitment to support the financing of defense companies, especially in the NATO countries, mainly in Europe.”
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(End) Dow Jones Newswires
September 25, 2025 04:19 ET (08:19 GMT)
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